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Laura reports on the testimony of Gary Wang on Thursday, who described Alameda\u2019s special privileges that were programmed into FTX\u2019s code as early as July 2019, a few months after the exchange launched.\xa0\n\nThese privileges included Alameda\u2019s ability to have a negative balance on its FTX account. This meant that Alameda was able to transfer and withdraw more funds than it had, essentially \u201cborrowing from the exchange.\u201d Those funds, Wang said, belonged to FTX customers, and at the time that FTX declared bankruptcy, Alameda had borrowed $8 billion from the exchange.\xa0\n\nWang said Alameda had a $65 billion line of credit \u2014 far higher than any other customer on the exchange. He also revealed details about FTT, the cryptocurrency that FTX had created, and the concerns that were raised about how the tokens were allegedly used to boost Alameda\u2019s balance on the site.\n\nIf you need to catch up, don\u2019t miss our recent coverage on the trial:\n\nSBF Trial, Day 3: Long-Time Friend Says, \u2018FTX Defrauded All of Its Customers\u2019\n\nSBF Trial, Day 2: DOJ: Sam Bankman-Fried \u2018Lied\u2019 His Way to \u2018Wealth, Power, and Influence\u2019\n\nSBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF\u2019s Family\n\nHere\u2019s How Sam Bankman-Fried\u2019s High-Stakes Trial Could Play Out\n\nSBF Trial: How Sam Bankman-Fried\u2019s Lawyers Might Try and Win His Case\n\nThe High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect\n\nIn the SBF Case, Elite Corruption Is What\u2019s Really on Trial\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices